South Florida Operating Engineers Apprentice & Training Fund
- Assets
- $6.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Sparks, MD
- Founding
- 06/1974
- Data as of
- 03/2023
- EIN
- 59-1500161
Organization Overview
South Florida Operating Engineers Apprentice & Training Fund is located in Sparks, MD. The organization was established in 1974. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 03/2023, South Florida Operating Engineers Apprentice & Training Fund employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Florida Operating Engineers Apprentice & Training Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, South Florida Operating Engineers Apprentice & Training Fund generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $786.0k during the year ending 03/2023. While expenses have increased by 9.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INSTRUCTION AND PRACTICE ON CONSTRUCTION EQUIPMENT OF THE TYPE USED WITHIN THE JURISDICTION OF THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 487.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INSTRUCTION AND PRACTICE ON CONSTRUCTION EQUIPMENT OF THE TYPE USED WITHIN THE JURISDICTION OF THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 487.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Smith Apprenticesh | 40 | $102,703 | |
Scott Alfele Trustee | Trustee | 0.4 | $0 |
Michael Harrison Trustee | Trustee | 0.4 | $0 |
David Short Jr Trustee | Trustee | 0.4 | $0 |
Jack Epperson Jr Trustee | Trustee | 0.4 | $0 |
John Mullen Trustee | Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,581,071 |
| Investment income | $72,391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,702 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,705,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,915 |
| Pension plan accruals and contributions | $51,815 |
| Other employee benefits | $51,149 |
| Payroll taxes | $20,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,462 |
| Fees for services: Accounting | $16,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,876 |
| Fees for services: Other | $39,462 |
| Advertising and promotion | $3,486 |
| Office expenses | $21,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,013 |
| Travel | $4,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,356 |
| Insurance | $20,325 |
| All other expenses | $0 |
| Total functional expenses | $785,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $967,561 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,891 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,734 |
| Net Land, buildings, and equipment | $1,935,312 |
| Investments—publicly traded securities | $1,440,190 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,207,266 |
| Total assets | $6,684,954 |
| Accounts payable and accrued expenses | $884,234 |
| Grants payable | $0 |
| Deferred revenue | $54,411 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $346 |
| Total liabilities | $938,991 |
| Net assets without donor restrictions | $5,745,963 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,684,954 |